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Identify whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company. begin{tabular}{|l|l|} multicolumn{1}{|c|}{ Description } hline a.VeraisthesoleownerofTechSolutions.Thebusinessisaseparatelegalentityanddoesnotpayanadditionalbusinessincometax. hline

image text in transcribed Identify whether each description best refers to a sole proprietorship, partnership, corporation, or limited liability company. \begin{tabular}{|l|l|} \multicolumn{1}{|c|}{ Description } \\ \hline a.VeraisthesoleownerofTechSolutions.Thebusinessisaseparatelegalentityanddoesnotpayanadditionalbusinessincometax. \\ \hline b.MicahandNancyownFinancialServices,whichpaysabusinessincometax.MicahandNancydonothavepersonalresponsibilityforthedebtsofFinancialServices. \\ \hline c. Harvey and Louis own NYC Law. Harvey and Louis are jointly liable for partnership debts. \\ \hline d.PhysioProductsdoesnotpayabusinessincometaxandhasoneowner.Theownerhasunlimitedliabilityforbusinessdebt. \\ \hline e.Oscar,Angela,andKevinownAccountingSolutions.Thebusinesshasanindefinitelifeandpaysanadditionalbusinessincometax. \\ \hline f. IBC Services does not have separate legal existence apart from the one person who owns it. \\ \hline g. AJ Company pays a business income tax and has two owners. \\ \hline h.SansaandJohnownSnowRemovalServices.Thebusinessdoesnotpayanadditionalbusinessincometaxandthebusinesshasanindefinitelife. \end{tabular}

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